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By 2024, Canada experienced a significant economic divergence from the United States, marking a departure from decades of parallel growth. This shift became particularly pronounced after 2022, with Canada's per-capita national income falling to approximately 70% of U.S. levels, down from 80% just five years earlier.
The COVID-19 pandemic had forced the Justin Trudeau government to introduce a large number of federal aid programs to deal with the economic impact of the crisis. As a result, Canada's debt-to-GDP ratio increased in 2020 and 2021. [4] In March 2022, the New Democratic Party agreed to a confidence and supply deal with Justin Trudeau's Liberal ...
The process of creating the budget is a complex one which begins within the working ranks for the Federal Government. Each year, the various departments that make up the Government (for example, Health, Transportation, Foreign Affairs, National Defence, Industry, CRA, etc.) submit what are called 'The Main Estimates' to The Treasury Board ...
The fate of hundreds of thousands of federal employees and the work they do rests on Congress' ability to extend government funding beyond Friday. What federal workers would lose pay during a ...
ABC News Senior Congressional Correspondent Rachel Scott talked with one federal contractor as a shutdown loomed last year, who said the 35-day government shutdown in 2018 took her months to ...
In the wake of November's stop-gap bill to fund the federal government through early 2024, MoneyGeek looks at the ways in which a government shutdown would impact the lives of federal employees.
Quebec residents pay 16.5% less federal income tax annually than other Canadian provinces due to the Quebec Abatement. [42] This lower direct income tax for Quebec residents is factored in when the federal government transfers (Canada Health Transfer, Canada Social Transfer and Equalization) funds back to the Quebec government. [42]
During the 2018-2019 government shutdown, parks remained open but were largely unstaffed, which led to overflowing trash, damaged facilities and safety concerns. That shutdown started on Dec. 22 ...